Marijuana Stock Movers For June 14, 2024
Portfolio Pulse from Benzinga Insights
On June 14, 2024, several marijuana stocks experienced significant price movements. Notable gainers included Global Hemp Group (OTC:GBHPF) and 22nd Century Group (NASDAQ:XXII), while significant losers included Maple Leaf Green World (OTC:MGWFF) and Cara Therapeutics (NASDAQ:CARA).
June 14, 2024 | 8:30 pm
News sentiment analysis
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NEGATIVE IMPACT
Cara Therapeutics (NASDAQ:CARA) shares closed down 21.10% at $0.35, reflecting a negative market reaction.
The sharp decline in share price indicates negative investor sentiment, likely due to adverse news or poor company performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GrowGeneration (NASDAQ:GRWG) shares closed down 4.31% at $2.42, indicating negative market sentiment.
The decrease in share price reflects negative investor sentiment, possibly due to adverse news or poor performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Maple Leaf Green World (OTC:MGWFF) shares closed down 27.40% at $0.02, indicating negative market sentiment.
The significant price drop suggests negative investor sentiment, possibly due to unfavorable news or poor performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Emeren Group (NYSE:SOL) shares closed down 4.73% at $1.63, showing a negative market reaction.
The decline in share price suggests negative investor sentiment, possibly due to unfavorable news or market conditions.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Greenlane Holdings (NASDAQ:GNLN) shares closed up 7.76% at $0.51, showing positive investor sentiment.
The upward movement in share price suggests positive investor sentiment and potential good news for the company.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Psychemedics (NASDAQ:PMD) shares closed up 9.09% at $2.25, reflecting a positive market reaction.
The price increase indicates a favorable market response, possibly due to positive news or investor sentiment.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
22nd Century Group (NASDAQ:XXII) shares closed up 10.56% at $0.81, indicating positive market sentiment.
The significant price increase suggests strong investor confidence and potential positive developments in the company.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80